Next: PS3 Movie and TV VOD Service Arriving … Sometime
Tesla Motors Founder to Lease No-Money-Down SolarCity Solar Panels
When you’re green, you’re green: Tesla Motors chairman Elon Musk’s other gig is SolarCity, a solar energy company that just announced it would lease panels to residents of San Jose with no money down. Typically going solar requires a $20K to $30K install, or at the very least, a $2,000 down payment, so a no-cash-upfront proposition is nice. But further reading suggests it may not be the homeowner’s dream come true.
The Mercury News says:
In a typical scenario for a 2.8-kilowatt system, Rive said, a customer with a $150-a-month electric bill before installing solar would end up with a $60-a-month electric bill, an $80 or $90 monthly lease payment to Solar City, and thus “positive cash flow” of as much as $10.
But to me that sounds as arbitrary as it costing $10 more. Maybe you can’t out a price on the smug feeling you’ll get from being the first on your block with panels, but there’s also a small matter of SolarCity’s 15-year contract to ask about first. One hopes a long-term contract like that will provide regular upgrades as solar power conversion gets more and more efficient. Thanks: [Mercury News via TreeHugger; SolarCity]
Related Posts
Next: PS3 Movie and TV VOD Service Arriving … Sometime
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment